Fernride $31M Series A Lawrence Tech.eu

Germany-based, Fernride, an electric trucking company raised $31 million led by 10x Founders in a Series A.

Push Ventures, Promus Ventures, Speedinvest, Fly Ventures actively backed the round.

Fernride Raised $31M Series A

Co-founders, Jean-Michael Georg, Maximilian Fisser, and Hendrik Kramer said that the funds raised will be used for vehicle development, AI integration, and scaling operations across the globe. Fernride is working on the tech advancement that helps build autonomous trucking systems.

Fernride is an autonomous, and automatic electric trucking system that helps customer to increase productivity. Fernride enables users to take over the trucking system remotely when required. With this approach, users can easily control logistic operations.

Moreover, Volkswagen, BSH, DB Schenker, HHLA, and other vehicle companies use Fernride.

Also Read: London-based HyperJar $24M Series A

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